Conventional mortgage rates have remained on the upswing over the past few weeks. Current 30 year conforming purchases are at 3.49% with no points for credit qualified customers. The government rates, FHA & VA, have not moved as much. They are still at 3.25% with no points for credit qualified customers.
Lender Processing Services says that home prices in the U.S. rose by 5.8% year-over-year in the month ended in December. The average home price was $207,000.
Call me if you have any questions. I have several great lenders I work with on a regular basis.
Cheers!
Boyd
